tax help needed about wrighting off med's !!!!!!!!!!!?

Question

i have r.s.d. ( reflex sympathetic dystrophy ) and take alot of med's every day to help with the cronic pain. looking for help with our tax's. need to know if we can wright off my very costly med's ? i'm still not recieveing s.s.i. yet so not sure if we can ?? we do the 10-40 form and have no other wright off's to use ? any fast help please ??

sorry update, my wife work's full time, we file married joint useing 10-40 form. i am not getting s.s.i. they turned me down 2 time's. can we wright off my med's and milage legaly ? i'm not recieveing any $$$ at all. my doctor has filed out paper saying i'm perament disabled 5 month's ago and will not get better ect. we donot want to wright off if it's not legal. we do see the form about deducting the doctor's ect. on form but not sure. thank's to the 2 answer's and i tried to send reply to you'll but couldn't. thank's again.

Answer 1

You might be able to, but there are a number of restrictions that might stop you.

First of all, you have to have enough deductible expenses to itemize. That limit for married filing jointly for 2006 was $10,300, and it will go up a little this year. If you don't have that many deductible expenses, you would just take the standard deduction - they give you the $10,300 automatically.

To take medical expenses, you can only deduct the amount that's over 7.5% of you total income on the return (on a joint return would include both you and your spouse's income).

Only prescription meds can be deductible, not any over the counter meds.

It's very possible from your question that you'd be better off taking the standard deduction - in that case, you couldn't also deduct the meds.

Those rules wouldn't change if you get approved for SSI or for social security disability. You still couldn't deduct the med expenses unless you met the restrictions.

Good luck with your health issues.

Answer 2

If you are qualifying for SSI then you do not have income that is taxed. Medical deductions only decrease taxes owed.

First, figure your taxes using the standard deduction. Do you owe any tax? If not, then the deductions on Schedule A, including medical deductions, will not benefit you, so don't bother.

If you do owe taxes, and your medical expenses are greater than 7.5% of your income, then fill out Schedule A. If the total from Schedule A is more than $10,300 then you can benefit from using Schedule A.

Answer 3

if you are using Schedule A, look to the top of the form,, your medical deductions go there. Any prescription drugs, doctors, eye glasses, dentist, etc. All expense not paid by insurance. Also your premiums for insurance. (not life ins) There's also a deduction for mileage to doctors, (18cents a mile for 2006) Medical deductions are subject to 7.5% of AGI threshold.

Answer 4

If SSI is all you get then you need not even file a return. SSI is only taxable if you have a AGI above a certain amount, then a part of it is taxable. So if you have any other income you gota factor that in things like invesments, pentions, self employment, gambling proceeds, Oprah giving you a car. You can write them of sure, but only the amount that is 7.5% over your AGI.